
Manikanchan Special Economic Zone
Manikanchan SEZ is a unique project of the state of West Bengal which serves to tap the immense growth potential of the Gem and Jewelry industry of West Bengal. The government of West Bengal has drawn plans to commercially exploit this industry and increase its reserve of foreign exchange.
The idea of the establishment of special economic zones was initiated by the central government of India while reexamining the export-import policy of 1997-2000.
The first step towards accomplishment of the Manikanchan SEZ project is the development of the Gem and Jewelry Park at Salt Lake City in the state of West Bengal. The park is situated at a strategic location near the International Airport in the city of Kolkata. The projects resulted out of the collaboration between the government of West Bengal and the Commerce and Industries department. The responsibility to develop the project has been accorded to the West Bengal Industrial Development Corporation Limited (WBIDC). The project has received the “in principle” approval of the central government of India. The Manikanchan SEZ policy framed by the West Bengal government serves to provide fiscal as well as non-fiscal benefits to give the project an edge in the international gem and jewelry market.
Location
The Manikanchan Special Economic Zone is located in a pollution free sylvan environment, at Salt Lake city sector V in Kolkata. It is located on the Rajarhat bypass connecting to International airport at Dumdum.
